How SMEs can transform and go green for the future
Many still have misconceptions about sustainability in their business models.
What percentage of SMEs are currently green?
There are two main groups of SMEs in Singapore when it comes to the subject of green. The first are "pure-play" green businesses, those which are creating new business models to respond to the growth in environmental awareness - for example Sustenir, the vertical farming pioneer, and Durapower, which provides lithium-ion batteries for electric vehicles. The second are traditional SMEs, which make up the vast majority of businesses in Singapore and whose operations are not specifically related to tackling environmental issues, such as manufacturers, F&B sector or construction companies. The first category of pure-play green SMEs is small - but growing. However, the traditional SME group is huge and is waking up to both the business opportunity of going green, and the fundamental imperative to realign their business models to be more sustainable.
Is there any particular sector that is going green faster and why?
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